Ashfaq Textile (Pakistan) Today

Ashfaq Textile is trading at 13.03 as of the 28th of March 2024, a No Change since the beginning of the trading day. The stock's open price was 13.03. Equity ratings for Ashfaq Textile Mills are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2023 and ending today, the 28th of March 2024. Click here to learn more.
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Ashfaq Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ashfaq Textile's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ashfaq Textile or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Business ConcentrationTextiles, Apparel & Luxury Goods, Consumer Discretionary (View all Sectors)
Ashfaq Textile Mills (ASHT) is traded on Karachi Stock Exchange in Pakistan . The company operates under Consumer Discretionary sector and is part of Textiles, Apparel & Luxury Goods industry. Ashfaq Textile Mills has 0 outstanding shares.
Check Ashfaq Textile Probability Of Bankruptcy

Ashfaq Stock Against Markets

Picking the right benchmark for Ashfaq Textile stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ashfaq Textile stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ashfaq Textile is critical whether you are bullish or bearish towards Ashfaq Textile Mills at a given time. Please also check how Ashfaq Textile's historical prices are related to one of the top price index indicators.

Ashfaq Textile Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ashfaq Textile stock to make a market-neutral strategy. Peer analysis of Ashfaq Textile could also be used in its relative valuation, which is a method of valuing Ashfaq Textile by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

How to buy Ashfaq Stock?

Before investing in Ashfaq Textile, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ashfaq Textile. To buy Ashfaq Textile stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ashfaq Textile. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Ashfaq Textile stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Ashfaq Textile Mills stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Ashfaq Textile Mills stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ashfaq Textile Mills, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Ashfaq Textile Mills?

The danger of trading Ashfaq Textile Mills is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ashfaq Textile is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ashfaq Textile. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ashfaq Textile Mills is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Ashfaq Textile's price analysis, check to measure Ashfaq Textile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashfaq Textile is operating at the current time. Most of Ashfaq Textile's value examination focuses on studying past and present price action to predict the probability of Ashfaq Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashfaq Textile's price. Additionally, you may evaluate how the addition of Ashfaq Textile to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ashfaq Textile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashfaq Textile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashfaq Textile's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.